8 machines (units of capital) are required to produce 2 units of food. - 2 Workers (units of labor) are required to produce 1unit food. - 4 machines (units of capital) are required to produce 2 units of cloth. - 1 Workers (units of labor) are required to produce 1 unit cloth. - Total amount of labor: 800 workers. - Total amount of capital: 1000 machines. a. Write down the labor and capital constraints formulas

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)

In a high school with 3000 students, counselors are putting together a math tutoring program for the neighboring middle school. they plan to invite high school students with high average test scores to tutor middle school students, and they would like to offer gift cards to the student tutors. the counselors have a spreadsheet showing each student’s average test scores, and in order to find out how many gift cards they should purchase, the counselors need to count how many students would qualify to become tutors. which type of function would best the counselors determine the number of eligible students?

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